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StocksMedium•3 May 2026•

1 min read

DiamondRock Hospitality Raises 2026 Guidance Following Strong Q1 Results

Key Facts

1DiamondRock Hospitality exceeded Q1 2026 expectations and raised its full-year guidance across all key metrics.

2The company expects AFFO per share to reach $1.15 in 2026, reflecting a 6.5% growth and a new company record.

DiamondRock Hospitality reported robust financial results for the first quarter of 2026, exceeding analyst expectations across all key performance metrics. Following this strong performance, the company raised its full-year financial guidance, projecting Adjusted Funds From Operations (AFFO) to reach a record $1.15 per share. This target reflects a 6.5% growth rate, supported by structural portfolio improvements and disciplined capital allocation strategies. The company maintains a solid balance sheet with a net debt-to-EBITDA ratio of 3.5x. However, investors remain attentive to the company's interest rate exposure, as approximately 70% of its debt is held at floating rates. These results underscore the resilience of the hospitality REIT sector despite ongoing macroeconomic headwinds.